Nearly 60 percent of small business owners think the Obama administration doesn’t understand the needs of small firms, according to a recent survey conducted by City Business Journals Network.

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More than 40 percent are less optimistic about the national economy than they were when President Barack Obama took office, compared with 26 percent who are more optimistic. Nearly half think Obama will serve only one term in office. When asked their political affiliation, 42 percent said they were Republicans, 34 percent said they were independents and 16 percent said they were Democrats.

The survey was based on Internet interviews of 301 business owners, CEOs and presidents of companies with five to 499 employees. City Business Journals, a subsidiary of Charlotte, N.C.-based American City Business Journals, said the survey sample was weighted by size of business and geographical location to reflect the small business community at large.

The interviews were conducted from March 13 to March 21, a time when the public became outraged by $165 million in bonuses awarded by American International Group, a company that has received more than $180 billion in taxpayer money.

Subsequent telephone interviews with some of the survey participants show that anger over bailouts of financial institutions and auto makers have colored many small business owners’ opinions about the economy and Obama.

“He’s putting all this money into a big sump hole that isn’t going to do anything,” said Martha Gazay, owner of Pacific Travel Center in Tacoma, Wash. “I think he’s bankrupting America.”

Several small business owners said even huge companies should be allowed to fail.

“If you didn’t run your business properly and you can’t survive, go away and let the strong survive, because that’s the way it’s always been, and that’s the way it should be,” said Ronnie Nudelman, owner of Whitney Printing Corp. in Buffalo, N.Y.

But Mark Bazrod, owner of LPI Software Funding Group in Wayne, Pa., said the banking bailout was necessary, even though he thinks banks created many of their own problems. Unlike many small business owners, he is more hopeful about the economy now that Obama is president.

“I’m much more optimistic about the economy because I think he’s a smart guy, and he’s approaching the problem in a systematic fashion,” said Bazrod, whose firm leases software to businesses.